New York State Teachers Retirement System Has $5.21 Million Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

New York State Teachers Retirement System cut its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,229 shares of the company's stock after selling 5,589 shares during the period. New York State Teachers Retirement System owned 0.06% of The Ensign Group worth $5,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. HWG Holdings LP acquired a new position in shares of The Ensign Group during the 3rd quarter valued at $1,522,000. International Assets Investment Management LLC acquired a new position in The Ensign Group during the third quarter worth about $1,531,000. Private Advisor Group LLC bought a new stake in The Ensign Group in the third quarter worth about $228,000. Signaturefd LLC lifted its holdings in The Ensign Group by 115.2% in the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $41,000 after acquiring an additional 152 shares during the last quarter. Finally, DeDora Capital Inc. boosted its position in shares of The Ensign Group by 2.8% during the 3rd quarter. DeDora Capital Inc. now owns 7,090 shares of the company's stock valued at $1,020,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Buying and Selling at The Ensign Group

In other news, CEO Barry Port sold 2,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,325,980. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 13,118 shares of company stock valued at $1,943,620 in the last quarter. Corporate insiders own 3.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Stephens lifted their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Oppenheimer upped their target price on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Truist Financial lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $162.20.

The Ensign Group Stock Down 6.8 %

Shares of ENSG traded down $10.37 during trading hours on Wednesday, hitting $143.00. 1,820,848 shares of the company were exchanged, compared to its average volume of 378,108. The firm's 50 day moving average is $149.82 and its 200-day moving average is $135.49. The Ensign Group, Inc. has a 52 week low of $101.25 and a 52 week high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $8.19 billion, a PE ratio of 37.14, a PEG ratio of 2.06 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The Ensign Group's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. On average, equities research analysts forecast that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.17%. The Ensign Group's dividend payout ratio is 5.81%.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.